Medical Care in the United States
Medical Care in the United States Paper
ECO/ 372
Principles of Macroeconomics
26 September 2012
Mr. James Geffert
The Medical Care in the United States Paper written by Team C will identify the background, policy, and impact of paid medical care. The comparison of Great Britain and Canada, the public health care budget is itself a ceiling; unlike the United States. The Medicare Payroll tax on investment income taking effect in 2012 will be expanded to include unearned income. The new healthcare bill is another attempt at making healthcare work for the citizens of the United States. The Senate worked for months over the bill, and came to a conclusion of what the bill will include. The Senate Health Bill will provide coverage for 94% of Americans with medical insurance. The health care bill is planned decrease the federal deficit by $127 billion in ten years, and reduces the deficit by $777 billion in twenty years.
In the United States before the 1920’s most people were treated in their home for illnesses. Only a few companies had offered health insurance to employees; most people paid out of their pocket. The doctors did not have enormous amount of information about diseases and their treatments. The advanced technology and knowledge of the diseases became necessary to bring patients into hospitals; caring for them properly. This medical cost of care was high and people could not afford it! The Great Depression made it worse for medical care in America. One of the first health care programs to help people with medical expenses came from Baylor hospitals in Dallas; converted to Blue Cross. The cost of care continued to rise due to medicine, science, and hospitals making advances in their ability to cure the sick. More people were turning to hospitals and doctors for care. The Blue Shield was and insurance covering services only doctors performed. This insurance started growing rapidly in the late 1930’s as a way for doctors to ensure they
ECO/ 372
Principles of Macroeconomics
26 September 2012
Mr. James Geffert
The Medical Care in the United States Paper written by Team C will identify the background, policy, and impact of paid medical care. The comparison of Great Britain and Canada, the public health care budget is itself a ceiling; unlike the United States. The Medicare Payroll tax on investment income taking effect in 2012 will be expanded to include unearned income. The new healthcare bill is another attempt at making healthcare work for the citizens of the United States. The Senate worked for months over the bill, and came to a conclusion of what the bill will include. The Senate Health Bill will provide coverage for 94% of Americans with medical insurance. The health care bill is planned decrease the federal deficit by $127 billion in ten years, and reduces the deficit by $777 billion in twenty years.
In the United States before the 1920’s most people were treated in their home for illnesses. Only a few companies had offered health insurance to employees; most people paid out of their pocket. The doctors did not have enormous amount of information about diseases and their treatments. The advanced technology and knowledge of the diseases became necessary to bring patients into hospitals; caring for them properly. This medical cost of care was high and people could not afford it! The Great Depression made it worse for medical care in America. One of the first health care programs to help people with medical expenses came from Baylor hospitals in Dallas; converted to Blue Cross. The cost of care continued to rise due to medicine, science, and hospitals making advances in their ability to cure the sick. More people were turning to hospitals and doctors for care. The Blue Shield was and insurance covering services only doctors performed. This insurance started growing rapidly in the late 1930’s as a way for doctors to ensure they
References: Obama Deficit Plan May Rely on Inflated Health Care Savings, National Journal; 9/24/2011, p7-7, 1p, Sanger-Katz, Margot New York Review of Books, Jeff Madrick, 2012; retrieved 09/22/2012; http://www.nybooks.com/articles/archives/2012/jun/21/obama-and-health-care-straight-story/ http://www.merriam-webster.com The Heritage Foundation. (2012). Retrieved from http://www.heritage.org/issues/health- care/obamacare Healthcare Czar in Obamacare. (2010, June). Patient Protection and Affordable Care Act , (), 17-18. Retrieved from http://www.cchfreedom.org/pr/ObamaCareCzar.pdf